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Unravelling household financial assets and demographic characteristics: a novel data perspective

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Listed:
  • Arrigoni, Simone

    (Central Bank of Ireland)

  • Bénétrix, Agustín

    (Central Bank of Ireland)

  • McIndoe-Calder, Tara

    (Central Bank of Ireland)

  • Romelli, Davide

    (Central Bank of Ireland)

Abstract

Financial wealth is important for many decisions, for example in relation to spending, labour supply, saving and retirement. To help inform policy in these areas, we combine survey and administrative data to study the financial assets held by Irish households, and the characteristics of the households who hold them. Looking across education groups, we find that higher educated households tend to hold assets with higher returns, but also riskier assets that are more susceptible to losses. Whilst this suggests that higher educated households exhibit distinct investment behaviour that significantly impacts returns, this is not a causal analysis. For example, it could also be related to income differences, which is positively correlated with education.

Suggested Citation

  • Arrigoni, Simone & Bénétrix, Agustín & McIndoe-Calder, Tara & Romelli, Davide, 2024. "Unravelling household financial assets and demographic characteristics: a novel data perspective," Economic Letters 1/EL/24, Central Bank of Ireland.
    • Handle: RePEc:cbi:ecolet:1/el/24
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    File URL: https://www.centralbank.ie/docs/default-source/publications/economic-letters/unravelling-household-financial-assets-and-demographic-characteristics-a-novel-data-perspective.pdf?sfvrsn=f391631a_9
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    Cited by:

    1. Arrigoni, Simone, 2024. "Who gets the flow? Financial globalisation and wealth inequality," Journal of Macroeconomics, Elsevier, vol. 81(C).

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